Raydan placed on trading halt until financials disclosed

02/04/2017 Argaam

Saudi Arabia’s Capital Market Authority (CMA) has placed a trading halt on shares of Nomu-listed Raydan Restaurants and Cuisines Co. as of today, until the company posts financial statements for the fiscal period ending Dec. 31, 2016, the regulator said in a statement to Tadawul.

 

The CMA said the trading halt came in line with market regulations, due to the company’s failure to post FY 2016 financials before March 31, 2017.

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